A successful public-private partnership between CPC's Syracuse office and New York State Homes and Community Renewal (HCR) is helping apartment owners save energy while also creating jobs for area businesses and a better quality of life for apartment residents who are predominantly low and moderate wage earners.
Under the Weatherization Assistance Program (WAP), CPC was awarded a $5M grant by HCR to provide energy-saving upgrades to 1,200 affordable apartments in upstate NY. These energy-efficient upgrades include replacing old furnaces and windows, installing insulation and replacing inefficient lighting. On average, the upgrades will reduce energy costs for property owners and tenants by an estimated 20%.
“What we are accomplishing with HCR is the best example of a private/public partnership that can serve as a cost-effective model for continuing WAP in the years ahead,” said Nick Petragnani, Senior Vice President & Regional Director of CPC’s Central Office which includes Syracuse. “In addition to the valuable energy savings, WAP has become a welcome source of new business for local contractors doing weatherization work. It has also resulted in a more comfortable and better quality of life for the residents who live in these affordable apartments, most of whom are low and moderate income wage earners,” he added.
Andrew D’Agostino, Vice President of CPC and Director of the Weather Assistance Program in Syracuse, said, "WAP is a demonstration of how government money reaches this vulnerable housing stock. CPC was awarded these funds on the basis of our in-depth knowledge of the affordable residential, multi-family market; our experience in working directly with property owners and developers in the Syracuse area and expertise in navigating through the compliance rules and regulations of state and federal agencies.”
New York State’s Weatherization Assistance Program is the largest residential energy conservation program in the country. It channels Federal money from the U.S. Departments of Energy and Health and Human Services to the State through HCR, a long-time partner of CPC.
In the current program year, WAP funding has been allocated to 65 community based organizations to provide weatherization services to income eligible households in each of New York State's 62 counties.